Ohio § 5809.01
Full text of Ohio Ohio Revised Code § 5809.01, with citation guidance and answers to common questions.
§ 5809.01.
(A)(1) As used in the Revised Code, the “ Ohio Uniform Prudent Investor Act ” means sections 5809.01 to 5809.08 , 5808.03 , 5808.05 , and 5808.06 , division (A) of section 5808.02 , and division (B) of section 5808.07 of the Revised Code , and those sections may be cited as the “Ohio Uniform Prudent Investor Act.” (2) As used in the Ohio Uniform Prudent Investor Act, “ trustee ” means a trustee under any testamentary, inter vivos, or other trust. (B) Except as provided in division (C) or (D) of this section, a trustee who invests
and manages trust assets under the Ohio Uniform Prudent Investor Act owes a duty to
the beneficiaries of the trust to comply with the Ohio Uniform Prudent Investor Act. (C) The Ohio Uniform Prudent Investor Act may be expanded, restricted, eliminated, or
otherwise altered, without express reference by the instrument creating a trust to
the Ohio Uniform Prudent Investor Act or any section of the Revised Code that is part
of that act. (D) A trustee is not liable to a beneficiary of a trust to the extent the trustee acted
in reasonable reliance on the provisions of the trust.
Frequently Asked Questions About Ohio § 5809.01
What does Ohio Revised Code § 5809.01 cover?
Section 5809.01 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5809.01?
A common citation format is "Ohio Revised Code § 5809.01" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5809.01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.